ET Intelligence Group: The current spat between the two IndiGoNSE -5.12 % promoters puts SpiceJet in a sweet spot. From being on the verge of bankruptcy five years ago to becoming the country’s second-largest carrier, SpiceJet has shown the fastest growth among peers.
In May, SpiceJet’s market share rose to 14.8 per cent from 13.1 per cent a month ago, while that of InterGlobe, the owner of Indigo, fell to 49 per cent from 50 per cent. The trend is expected to continue. After Jet AirwaysNSE -4.96 % was grounded in April, SpiceJet has acquired most of its coveted metro routes and its benefit will be visible in the coming months.
The feud between the promoters of Indigo could last longer than expected with both having near equal holding in the company. Rahul Bhatia owns 38 per cent and Rakesh Gangwal owns 37 per cent. In case of SpiceJet
